Grayson (single) is in the 24 percent tax rate bracket and has sold the following stocks in 2020: (Loss amounts should be indicated by a minus sign.)

Description	Date Purchased	Basis		Date Sold	Amount Realized
Stock A	1/23/1996	$	8,200	7/22/2020	$	5,260
Stock B	4/10/2020		15,900	9/13/2020		19,810
Stock C	8/23/2018		13,125	10/12/2020		18,530
Stock D	5/19/2010		5,990	10/12/2020		13,825
Stock E	8/20/2020		7,965	11/14/2020		3,975

Problem 7-46 Part-a (Algo)

a. What is Graysons net short-term capital gain or loss from these transactions?

Net short-term capital gain or loss ______________

b. What is Graysons net long-term gain or loss from these transactions?

Net long-term capital gain or loss ______________

c. What is Graysons overall net gain or loss from these transactions?

Net capital gain or loss ____________

d. What amount of the gain, if any, is subject to the preferential rate for certain capital gains?

Net capital gain ___________